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Is there a difference between Xinxiang social security and Zhengzhou social security?
Social security base and payment ratio are different.
It is the GDP of the previous year that determines the social security base and reimbursement ratio. Zhengzhou is the capital of Henan Province, with the highest GDP and the highest social security base. Xinxiang is a prefecture-level city in Henan Province, and its GDP is lower than that of Zhengzhou, the provincial capital. Secondly, the proportion of payment, according to the different social security base, the proportion of payment of various types of insurance is also different. For example, the endowment insurance unit in Zhengzhou is 16%.
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